Global Lithium-ion Battery Market Overview:
According to the latest report by IMARC Group, titled “Lithium-ion Battery Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027”, the global lithium-ion battery market reached a value of US$ 39.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 83.62 Billion by 2027, exhibiting at a CAGR of 13.62% during 2022-2027. A lithium-ion battery (LIB) is a rechargeable battery that uses lithium ions as the main electrolyte component. The lithium ions move from the positive electrode to the negative electrode upon charging and vice versa when discharged. As a result, these batteries exhibit high power density, excellent open-circuit voltage and low self-discharge rate.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Lithium-ion Battery Market Trends:
The global market is primarily driven by a substantial boost in the sales of consumer electronics, such as smartphones, laptops, digital cameras, gaming consoles, wherein lithium-ion batteries form an essential component. In line with this, the growing awareness regarding the continual depletion of fossil fuels and the rising adoption of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) among the masses are also favourably impacting the market growth. In addition to this, governments of several countries are now offering lucrative benefits and subsidiaries to individuals in an attempt to promote the uptake EVs, which is providing a boost to the sales of premium rechargeable batteries, including LIBs. Furthermore, the increasing preference for solar grids and extensive research and development (R&D) activities are further propelling the market growth.
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Key Market Segmentation:
The competitive landscape of the industry has also been examined with some of the top 10 lithium-ion battery manufacturers being
Some of these key players include:
A123 Systems LLC
AESC SDI CO.,LTD
LG Chem Ltd.
SAMSUNG SDI CO.,LTD.
Amperex Technology Limited
Blue Energy Limited
BYD Company Ltd.
CBAK Energy Technology, Inc.
Tianjin Lishen Battery Joint-Stock CO.,LTD.
Valence Technology, Inc.
SK innovation Co., Ltd
Breakup by Product Type:
Lithium Cobalt Oxide
Lithium Iron Phosphate
Lithium Nickel Manganese Cobalt
Lithium Manganese Oxide
Others (Li-ion Nickel Cobalt Aluminium Oxide and Li-ion Titanate Oxide)
Breakup by Power Capacity:
0 to 3000mAh
3000mAh to 10000mAh
10000mAh to 60000mAh
More than 60000mAh
Breakup by Application:
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impacton the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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